New York to invest $127.7 million Volkswagen settlement in clean vehicles
Covered vehicles include new buses, trucks, locomotives, ferries, tug boats, and cargo handling equipment, as well as the availability of electric vehicle charging equipment statewide.
At the Governor's direction, the state Department of Environmental Conservation in concert with the New York State Energy and Research Development Authority, New York Power Authority, state Department of Transportation, the Port Authority of New York and New Jersey, and others, developed Clean Transportation NY - New York's plan to strategically invest settlement resources for maximum benefit and to build on New York's national leadership on clean energy and climate change.
The funds were secured through the Attorney General's settlement with Volkswagen in close collaboration with DEC. The state's strategically leveraged investment of settlement funds is anticipated to result in at least $300 million of clean vehicles and infrastructure on New York's roadways. ■